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Infinity Recycling: Circular Plastics Fund Welcomes New Investors
: "We are pleased to partner with Infinity Recycling in our efforts to support the chemical industry to become more sustainable. Advanced recycling of plastics is a key aspect within our strategy to accelerate towards new energies and sustainable feedstocks. We believe that this will play an important role in the future of the chemical industry and are excited to contribute."
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Infinity Recycling was established to create markets for end-of-life waste streams by investing in waste valorisation technologies. Their first offering, the Circular Plastic Fund, makes a significant contribution to solving the plastic waste problem and unlocking much-needed capacity in high-demand recycled commodities. The Fund implements a return-driven investment strategy that drives value creation in advanced recycling and accelerates the conversion to a circular economy for plastics.
The Circular Plastics Fund, catalyses the world's transition to a closed-loop plastics economy in which residual polymer waste streams, representing over 85% of the global plastic waste e, are converted into building blocks for the manufacturing of new plastics. The Fund's strategy aims to significantly reduce the carbon footprint of the plastics economy and contribute to eliminating the world's plastic waste problem.
Since its first closing in February 2022 , the Fund has made five investments. Building on investor interest and deployment momentum, the Fund is well on its way to a final closing, projected for the second half of this year. The next subsequent closing is planned for May 2023 . taking total commitments to ~70% of the Fund's target ( EUR 150m ).
https://infinity-recycling.com/
View original content:https://www.prnewswire.co.uk/news-releases/infinity-recycling-circular-plastics-fund-welcomes-new-investors-301795796.html